Business
NASRE Foundation Assists Journalists In Need, Partners With Nestlé
NASRE Foundation Assists Journalists In Need, Partners With Nestlé
The Nigerian Association of Social and Resourceful Editors, NASRE, through its Foundation, has extended supports to media practitioners with challenges as well as the families of departed journalists in collaboration with Nestlé Nigeria and other supporting partners.
To this end, the distribution of gift items to the 23 beneficiaries was held on Saturday, 29th of June 2024, at The City Pulse Lounge LTV8, Agidingbi Ikeja. This event marked the second edition of NASRE Foundation’s outreach programme, aimed at providing financial and moral support to journalists in need.
The foundation supported 23 beneficiaries from Ogun and Lagos States, who are widows, widowers, and those facing health challenges, with cash and Nestlé products.
Some of the beneficiaries include: Stanley Okoronkwo, who worked with The Comet, Today’s Choice, and The Nation Newspaper; Kayode Aponmade, who worked with Daily Times; Adebiyi Regina Aderemi, who worked with Ogun State Television; Mrs. Omolola Adeyinka, who worked with News Continental; Soneye Olusegun Afolabi, Director of Information at Obafemi Owode Local Government; Ogunade Dorcas Adejumoke; Princewill Ekwurujuru, who worked with Vanguard Newspaper; Michael Alonge, who worked with Fame Magazine and Global Excellence; Tunde Bello, who worked with Global Times; Lekan Onalapo, former City People photojournalist; Dapo Oshin, who worked with LTV8; Johnmark Ukoko, former Guardian and Daily Times staff; and Josiah Abiola, who worked with Global Excellence.
Similarly, the family of Stanley Okoronkwo, a veteran journalist who worked for The Nation Newspaper and is currently down with a stroke, and Mike Alonge, a celebrity journalist who started with Fame Magazine and Global Excellence Magazine and was the publisher of Mikeangelonews.com before he died on December 10, 2022, after a mild illness, are among the beneficiaries.
Another beneficiary is the family of Princewill Ekwujuru, former chairman of the Brand Journalists Association of Nigeria (BJAN), who worked with Vanguard Newspaper until his death in August 2021.
Mrs. Omolola Adeyinka, the former Ogun NUJ caretaker chairperson who worked with News Continental and lost her husband two years ago, and Remi Adebiyi, who worked with Ogun State Television and also lost her husband some years ago, equally benefited from the initiative.
Moreover, Mr. Lekan Onalapo, former City People photojournalist, lost his wife and their new baby during childbirth some months ago.
Beneficiaries expressed their gratitude and were elated for the support received.
Soneye Olusegun Afolabi, a journalist from Ogun, remarked, “At first, I thought it was a scam. I lost my wife eight years ago, and this is the first time I’m receiving any assistance from any organization in the past eight years. I applaud this initiative and pray for the association.”
Mrs. Omolola Adeyinka, the former Ogun NUJ caretaker chairperson, said, “My husband died two and a half years ago. Like the first beneficiary said, I have not received such assistance from any media organization. The media job is hazardous, and it’s important that the general public knows that journalists or media practitioners also need help.”
Gboyega Aponmade, the son of the late veteran journalist, Prince Kayode Aponmade, expressed his appreciation: “When my mom called and told me she was reached out to by a media association willing to support her as a widow, I was skeptical because I’ve not seen such since he died. I had to follow her to see for myself, and I must confess that it’s overwhelming. I hope this initiative does not end so that the association can do more. I applaud the association directors and pray for their success.”
In his address, the President of NASRE and NASRE Media Foundation, Comrade Femi Oyewale, reaffirmed the organization’s commitment to supporting media practitioners in need:
“We are dedicated to providing continuous support to media practitioners facing challenges, within the limits of our resources. The NASRE Media Foundation was established with the mission to assist those in our profession who are struggling. I urge corporate organizations, public and private institutions, and individuals to support our foundation in any way they can. Together, we can ensure that no media practitioner is left without help in times of need.”
The NASRE Media Foundation’s support programme continues to be a beacon of hope for media practitioners and their families, providing much-needed assistance and fostering a sense of community and solidarity within the media industry.
Nigeria’s Inflation Drops to 15.10% as NBS Reports Deflationary Trend
Nigeria’s headline inflation rate declined to 15.10 per cent in January 2026, marking a significant drop from 27.61 per cent recorded in January 2025, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics.
The report also showed that month-on-month inflation recorded a deflationary trend of –2.88 per cent, representing a 3.42 percentage-point decrease compared to December 2025. Analysts say the development signals easing price pressures across key sectors of the economy.
Food inflation stood at 8.89 per cent year-on-year, down from 29.63 per cent in January 2025. On a month-on-month basis, food prices declined by 6.02 per cent, reflecting lower costs in several staple commodities.
The data suggests a sustained downward trajectory in inflation over the past 12 months, pointing to improving macroeconomic stability.
The administration of President Bola Ahmed Tinubu has consistently attributed recent economic adjustments to ongoing fiscal and monetary reforms aimed at stabilising prices, boosting agricultural output, and strengthening domestic supply chains.
Economic analysts note that while the latest figures indicate progress, sustaining the downward trend will depend on continued policy discipline, exchange rate stability, and improvements in food production and distribution.
The January report provides one of the clearest indications yet that inflationary pressures, which surged in early 2025, may be moderating.
Nigeria’s headline inflation rate declined to 15.10 per cent in January 2026, marking a significant drop from 27.61 per cent recorded in January 2025, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics.
The report also showed that month-on-month inflation recorded a deflationary trend of –2.88 per cent, representing a 3.42 percentage-point decrease compared to December 2025. Analysts say the development signals easing price pressures across key sectors of the economy.
Food inflation stood at 8.89 per cent year-on-year, down from 29.63 per cent in January 2025. On a month-on-month basis, food prices declined by 6.02 per cent, reflecting lower costs in several staple commodities.
The data suggests a sustained downward trajectory in inflation over the past 12 months, pointing to improving macroeconomic stability.
The administration of President Bola Ahmed Tinubu has consistently attributed recent economic adjustments to ongoing fiscal and monetary reforms aimed at stabilising prices, boosting agricultural output, and strengthening domestic supply chains.
Economic analysts note that while the latest figures indicate progress, sustaining the downward trend will depend on continued policy discipline, exchange rate stability, and improvements in food production and distribution.
The January report provides one of the clearest indications yet that inflationary pressures, which surged in early 2025, may be moderating.
Alpha Morgan to Host 19th Economic Review Webinar
In an economy shaped by constant shifts, the edge often belongs to those with the right information.
On Wednesday, February 25, 2026, Alpha Morgan Bank will host the 19th edition of its Economic Review Webinar, a high-level thought leadership session designed to equip businesses, investors, and individuals with timely financial and economic insight.
The session, which will hold live on Zoom at 10:00am WAT and will feature economist Bismarck Rewane, who will examine the key signals influencing Nigeria’s economic direction in 2026, including policy trends, market movements, and global developments shaping the local landscape.
With a consistent track record of delivering clarity in uncertain times, the Alpha Morgan Economic Review continues to provide practical context for decision-making in a dynamic environment.
Registration for the 19th Alpha Morgan Economic Review is free and can be completed via https://bit.ly/registeramerseries19
It is a bi-monthly platform that is open to the public and is held virtually.
Visit www.alphamorganbank to know more.
GTBank Launches Quick Airtime Loan at 2.95%
Guaranty Trust Bank Ltd (GTBank), the flagship banking franchise of GTCO Plc, Africa’s leading financial services group, today announced the launch of Quick Airtime Loan, an innovative digital solution that gives customers instant access to airtime when they run out of call credit and have limited funds in their bank accounts, ensuring customers can stay connected when it matters most.
In today’s always-on world, running out of airtime is more than a minor inconvenience. It can mean missed opportunities, disrupted plans, and lost connections, often at the very moment when funds are tight, and options are limited. Quick Airtime Loan was created to solve this problem, offering customers instant access to airtime on credit, directly from their bank. With Quick Airtime Loan, eligible GTBank customers can access from ₦100 and up to ₦10,000 by dialing *737*90#. Available across all major mobile networks in Nigeria, the service will soon expand to include data loans, further strengthening its proposition as a reliable on-demand platform.
For years, the airtime credit market has been dominated by Telcos, where charges for this service are at 15%. GTBank is now changing the narrative by offering a customer-centric, bank-led digital alternative priced at 2.95%. Built on transparency, convenience and affordability, Quick Airtime Loan has the potential to broaden access to airtime, deliver meaningful cost savings for millions of Nigerians, and redefine how financial services show up in everyday life, not just in banking moments.
Commenting on the product launch, Miriam Olusanya, Managing Director of Guaranty Trust Bank Ltd, said: “Quick Airtime Loan reflects GTBank’s continued focus on delivering digital solutions that are relevant, accessible, and built around real customer needs. The solution underscores the power of a connected financial ecosystem, combining GTBank’s digital reach and lending expertise with the capabilities of HabariPay to deliver a smooth, end-to-end experience. By leveraging unique strengths across the Group, we are able to accelerate innovation, strengthen execution, and deliver a more integrated customer experience across all our service channels.”
Importantly, Quick Airtime Loan highlights GTCO’s evolution as a fully diversified financial services group. Leveraging HabariPay’s Squad, the solution reinforces the Group’s ecosystem proposition by bringing together banking, payment technology, and digital channels to deliver intuitive, one-stop experiences for customers.
With this new product launch, Guaranty Trust Bank is extending its legacy of pioneering digital-first solutions that have redefined customer access to financial services across the industry, building on the proven strength of its widely adopted QuickCredit offering and the convenience of the Bank’s iconic *737# USSD Banking platform.
About Guaranty Trust Bank
Guaranty Trust Bank (GTBank) is the flagship banking franchise of GTCO Plc, a leading financial services group with a strong presence across Africa and the United Kingdom. The Bank is widely recognized for its leadership in digital banking, customer experience, and innovative financial solutions that deliver value to individuals, businesses, and communities.
About HabariPay
HabariPay is the payments fintech subsidiary of GTCO Plc, focused on enabling fast, secure, and accessible digital payments for individuals and businesses. By integrating payments and digital technology, HabariPay supports innovative services that make everyday financial interactions simpler and more seamless.
Enquiries:
GTCO
Group Corporate Communication
[email protected]
+234-1-2715227
www.gtcoplc.com
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